₦airaland Forum

With this simple analysis it's proved beyond reasonable doubts that APC is a terrible curse to Nigeria ...

socialmediaman:
To fill 50 litres of a Corolla car:

During Obasanjo’s time it cost ₦3,750. During Yar’Adua’s time, it cost ₦3,250. During GEJ’s time, it cost ₦4,350.
During Buhari’s time, it cost ₦11,900.

Now under Tinubu’s regime, to fill the same 50 litres of a Corolla car cost ₦61,350

Source

God go punish that kpomo mouth Frankenstein

Yho can someone be this daft nau... He should go back to 1960 to give us the cost also the exchange rate.

PulaPower:
Mtchew

How many people con get money for 50litres of fuel during Obasanjo, compare to now?

How many people even get the corolla back then, compare to now?

Una go taya..

Walahi ko ni da fun e fun Oro to sho lenu yen

The Obasanjo years were a period of economic growth. It was called "Gbemu" and "Gbosa" coupled with the telecommunications industry growth and the banking sector growth

People started buying cars and buying lands and building houses. Civil servants who before now had been poor and miserable started living well

You open your mouth dey talk . Shior

socialmediaman:
To fill 50 litres of a Corolla car:

During Obasanjo’s time it cost ₦3,750. During Yar’Adua’s time, it cost ₦3,250. During GEJ’s time, it cost ₦4,350.
During Buhari’s time, it cost ₦11,900.

Now under Tinubu’s regime, to fill the same 50 litres of a Corolla car cost ₦61,350

Source

What does a graduate of animal husbandry know about economics? What the dullard is saying is that if things were left as they were since 1999, the price of PMS would remain the same! Nonsense and ingredients! What was the population of Nigeria in 1999 and now?
What happens when more people are after a particular resource with practically a fixed output?

helinues:
Buy bicycle that won't consume fuel. Having a car is a luxury . How much was minimum wage when the price of fuel in those regime was low, how much is dollar to naira exchange rate?

I really don't know why the opposition and their supporters in Nigeria remain stagnant in their narrations.

Are the price of things across the globe reman the same for decades now. They should stop arguing slow jare

All your questions are what you should be asking the regime and not the opposition.
It doesn't make sense where Nigeria is seating today as a Nation.

socialmediaman:
Tinubu will have a hard time explaining to Nigerians why he pushed them to extreme hardship in the name of reforms, and things keep getting worse and worse

Hard time how ? Is it so difficult to understand that subsidy is gone under this administration and so the price will regulate itself ?

I see a lot of arguments here and there about this subsidy thing and the cost of living crises.

The bottom line is that subsidy removal was essentially just a massive tax hike, a massive VAT hike of some 6, 700 percent (depending on what the price of fuel is today). Yesterday, bought for 1,300.

This is massive but like every tax hike the purpose is that government has more resources to develop the economy by taking from the many to target high worth investments that will put the citizen in a better position short, medium and long term, by increasing productivity, creating jobs and businesses and eventually wealth.

It is the the second part that has proved a total failure. What are the things the government is directly spending this money on that is increasing productivity, creating jobs, businesses and expanding the economy.

They say infrastructure. Good. But infrastructure is a tool of productivity not productivity in itself. Roads will not create jobs, airports will not create businesses. It is the people that will have to find even more resources (after the ones you have collected) to use these roads and fly these aircraft.

So there is a huge economic lacuna between where the people stand and what the government is doing. There should have been a deliberate plan to either invest in other modes of transport or technologies to match or come close to the cost profile of subsidised gasoline.

They started well with the LPG but have unfortunately abandoned it. They will have done well to invest massively in rail transport to deal with the huge cost of long distance haulage but unfortunately they are building even more expensive highways.

How do you bring down the cost of goods and services and leave spare change in the hands of citizens and businesses to invest if you the government are not investing in bringing energy costs down. We have a far less competitive economy than ever before and that is why 3 years after the reforms were launched we are yet to see the much touted massive influx of foreign investments.

Austema:
And do you know the saddest thing?

Even if we vote against Tinubu, he can rig himself into power again. He did it before.

If our vote doesn't count, what then is the power of the masses?

A man who rigged himself into power can not conduct a free and fair election.

Tinubu and INEC were able to rig 2023 Presidential election because Northern political actors wanted Tinubu simply because they felt Tinubu was unwell and won't last in office so that Shettima could take over.


Now that the Northern political actors are heavily against Tinubu reelection due to his sidelining of North in favor of his Yoruba tribe, plus his complete failure in governance, it won't be easy for Tinubu to rig again like 2023.


As soon as the coalition of opposition get their acts together, Tinubu is gone forever!

socialmediaman:
Tinubu will have a hard time explaining to Nigerians why he pushed them to extreme hardship in the name of reforms, and things keep getting worse and worse

He has failed to identify and emphatic with the wellbeing of Nigerians.

Reference:
I see a lot of arguments here and there about this subsidy thing and the cost of living crises.

The bottom line is that subsidy removal was essentially just a massive tax hike, a massive VAT hike of some 6, 700 percent (depending on what the price of fuel is today). Yesterday, bought for 1,300.

This is massive but like every tax hike the purpose is that government has more resources to develop the economy by taking from the many to target high worth investments that will put the citizen in a better position short, medium and long term, by increasing productivity, creating jobs and businesses and eventually wealth.

It is the the second part that has proved a total failure. What are the things the government is directly spending this money on that is increasing productivity, creating jobs, businesses and expanding the economy.

They say infrastructure. Good. But infrastructure is a tool of productivity not productivity in itself. Roads will not create jobs, airports will not create businesses. It is the people that will have to find even more resources (after the ones you have collected) to use these roads and fly these aircraft.

So there is a huge economic lacuna between where the people stand and what the government is doing. There should have been a deliberate plan to either invest in other modes of transport or technologies to match or come close to the cost profile of subsidised gasoline.

They started well with the LPG but have unfortunately abandoned it. They will have done well to invest massively in rail transport to deal with the huge cost of long distance haulage but unfortunately they are building even more expensive highways.

How do you bring down the cost of goods and services and leave spare change in the hands of citizens and businesses to invest if you the government are not investing in bringing energy costs down. We have a far less competitive economy than ever before and that is why 3 years after the reforms were launched we are yet to see the much touted massive influx of foreign investments.

That is it.


Tinubu only knows how to raise funds for his personal gain and not for the profit of the masses.


He is nothing but a taxmaster

helinues:
Buy bicycle that won't consume fuel. Having a car is a luxury . How much was minimum wage when the price of fuel in those regime was low, how much is dollar to naira exchange rate?

I really don't know why the opposition and their supporters in Nigeria remain stagnant in their narrations.

Are the price of things across the globe reman the same for decades now. They should stop arguing slow jare

You dey talk like small pikin. Who made the dollar to naira rise to this extent? Can minimum wage now fill a Mercedes Benz fuel tank? You want to compare countries that have good government and democracy to your fallen country Nigeria....mtcheww

Some myopic people will still be defending this failure called Bola Tinubu

helinues:
Buy bicycle that won't consume fuel. Having a car is a luxury . How much was minimum wage when the price of fuel in those regime was low, how much is dollar to naira exchange rate?

I really don't know why the opposition and their supporters in Nigeria remain stagnant in their narrations.

Are the price of things across the globe reman the same for decades now. They should stop arguing slow jare

dollar was 216 during Jonathan

APc said it's high and not okay

they were going to bring it down

we're here today and the rest is history

you are advising Nigerians to sell their cars and buy bicycles

Oparoto2121:
My question is why are we still borrowing when fuel subsidy have been removed,I thought they said after the removal alot of money will be. Save no more borrowing

We are borrowing because the much touted foreign investments have not materialised. And they have not materialised because the counterpart investments the government should be making towards growing the economy are not being made.

When you sit out there and see where the country is headed. Poverty rising year on year and the effects on insecurity and social stability, you will hesitate.

I repeat again. Government should invest in reducing the cost of living and doing business. There is no other way out. The economy will not grow itself out of the chains of inflation. It has to be helped, stimulated, pushed by right investments, right spending.

WizardOfNG:
@OP.

You want everything free, very cheap or subsidised heavily and even zero tax obligation for life.

Whereas the "desirable life" in the developed nations Nigerians wish to 'Japa' to is underpinned by the concept of everyone, not government alone, paying their way and doing their bit.

If you know anyone in Britain or Germany today, why not call them so they reveal how much of their salary they pay in taxes and bills that goes towards the good infrastructure and safe/secure society they live in?

Previous Government before PBAT were simply weaponising poverty to subdue Nigeria so you are distracted from noting their failure and looting. They were maintaining many Nigerians at a standard lower than even pets enjoy in developed nation.

They give you enough, using numerous subsidies, to eat, transport yourselves around, have sex and procreate, parade substandard degrees that won't ever raise Nigerian civil engineers who can deliver fourth mainland bridge start to finish.

Their ploy is simple. Give Nigerians, unaware of what a fulfilled life should be, everything else that helps them attain the existential basics thus preventing the masses from realising others have it much better elsewhere.

If you want a Nigeria where people can live dignified lives equivalent to that citizens of developed nations enjoy then you will know Tinubu is the real deal as a leader focused on teaching Nigerians how to fish rather than giving them fish.

All these jargons just to defend the indefensible..So what are we Nigerians now benefiting under your lordship Jagaban since 2023 that he took over? Pls name them o..And again, those developed nations that collect taxes from their citizens, pls tell us, do they live extravagant lifestyles and spend govt money any how as our own leaders here are doing? is there any accountability in Nigerian govt spending and budgeting? do they do bribery and corruption as your leaders here are doing? do they acquire wealth and mansions as your leaders here are doing?
So with all these warped services we are getting in Nigeria, I should pay taxes on top so that your looters will loot them as they loot oil money..

socialmediaman:
To fill 50 litres of a Corolla car:

During Obasanjo’s time it cost ₦3,750. During Yar’Adua’s time, it cost ₦3,250. During GEJ’s time, it cost ₦4,350.
During Buhari’s time, it cost ₦11,900.

Now under Tinubu’s regime, to fill the same 50 litres of a Corolla car cost ₦61,350

Source

How much was lost to subsidies, forex arbitrage.....rufai oseni should be honourable enough to let us know this too.

socialmediaman:
To fill 50 litres of a Corolla car:

During Obasanjo’s time it cost ₦3,750. During Yar’Adua’s time, it cost ₦3,250. During GEJ’s time, it cost ₦4,350.
During Buhari’s time, it cost ₦11,900.

Now under Tinubu’s regime, to fill the same 50 litres of a Corolla car cost ₦61,350

Source

Honestly GEJ time was Nigeria best time.
With minimum wage of 18k then, you can fill 4 Corollas and change go still they.
Na because we over chop belleful na why we see strenght protest then🤣

Parachoko:
Why are you not also showing us the Minimum Wage?

You should be fair by also putting the minimum wage alongside the price of fuel

And Nigeria didn't start in 1999.

Why are we not seeing how much it cost under Abdulsalam, Abacha, Shonekan, IBB, Buhari, Shagari, Obasanjo, Muritala etc

You do not see the difference in increment? There has been a downward slide since independence, but Tinubu didn’t even fall, it collapsed

Lithiumite:
How much was lost to subsidies, forex arbitrage.....rufai oseni should be honourable enough to let us know this too.

Now that we are not losing those money under Tinubu, ain't we supposed to be enjoying?
We were losing money and enjoying then.
Now that they say we ain't losing money, but we are suffering
Please make it make sense

Zionmdde:
This one na gattusso
Defending even something that has no defense
Your job must be difficult

With the humongous increase from buhari to tinubu, what exactly are Nigerians enjoying more?

I know he will soon tell me students loan

He is yet.
Nigeria didn't start from Obasanjo.

Bitterness won't allow you to see and understand the need for reforms.

OredoPikin:
Now that we are not losing those money under Tinubu, ain't we supposed to be enjoying?
We were losing money and enjoying then.
Now that they say we ain't losing money, but we are suffering
Please make it make sense

All the development going on in the state.
Is your governor not working?

Bitter and ignorant people

WizardOfNG:
@OP.

You want everything free, very cheap or subsidised heavily and even zero tax obligation for life.

Whereas the "desirable life" in the developed nations Nigerians wish to 'Japa' to is underpinned by the concept of everyone, not government alone, paying their way and doing their bit.

If you know anyone in Britain or Germany today, why not call them so they reveal how much of their salary they pay in taxes and bills that goes towards the good infrastructure and safe/secure society they live in?

Previous Government before PBAT were simply weaponising poverty to subdue Nigeria so you are distracted from noting their failure and looting. They were maintaining many Nigerians at a standard lower than even pets enjoy in developed nation.

They give you enough, using numerous subsidies, to eat, transport yourselves around, have sex and procreate, parade substandard degrees that won't ever raise Nigerian civil engineers who can deliver fourth mainland bridge start to finish.

Their ploy is simple. Give Nigerians, unaware of what a fulfilled life should be, everything else that helps them attain the existential basics thus preventing the masses from realising others have it much better elsewhere.

If you want a Nigeria where people can live dignified lives equivalent to that citizens of developed nations enjoy then you will know Tinubu is the real deal as a leader focused on teaching Nigerians how to fish rather than giving them fish.

Electricity is the biggest infrastructure for any economy that is ready to grow.
Tinubu defender, can u please tell us how many megawatts has been added to the national grid since tinubu became President?

What is the justification for removing subsidies in everything so far ?
Do we have constant power now?

rejoice4eva:
You have forgotten that Tinubu led the wicked riot and protest against Good luck Jonathan, when he wanted to remove the subsidy in humane form?

That's past tense. Jonathan should have stood his ground like Tinubu has done and we are hating him for. You will be surprised in years to come when the opposition will affirm that Tinubu has done the right thing with the subsidies removal in fuel electricity and fx.

Alliswell248:
All the development going on in the state.
Is your governor not working?

Bitter and ignorant people

Which state in particular?
U mean ondo or kogi?😂

He removed subsidies in everything.
Is he not supposed to channel resources to ensure we have constant power supply ?
U want to grow a macro economy without light 🤣
Which school u go?

Parachoko:
Why are you not also showing us the Minimum Wage?

You should be fair by also putting the minimum wage alongside the price of fuel

And Nigeria didn't start in 1999.

Why are we not seeing how much it cost under Abdulsalam, Abacha, Shonekan, IBB, Buhari, Shagari, Obasanjo, Muritala etc

How many Nigerians are being paid the current minimum wage? Majority still collect 20k to 30k as salary.

greenermodels:
honestly, you deserve a mental evaluation.

If there is any joint in your are, entertain yourself fully and send bill to me. You roasted that chaf call8ng hersef a human.

OredoPikin:
Now that we are not losing those money under Tinubu, ain't we supposed to be enjoying?
We were losing money and enjoying then.
Now that they say we ain't losing money, but we are suffering
Please make it make sense

You were enjoying according to you by eating your tomorrow, what happened to the excess crude account set up by obj, it was drawn down in its entirety so you can be enjoying......gej and his co ordinatingministerfor the economy, the highly respected okonjo iweala were crying tobl high heavens that they were borrowing money to pay salaries and the subsidy regime and nigeria's economic model was unsustainable and it had to go but you didn't care because accordingto you una dey enjoy....now the chicken has come home to roost with nothing left you are now crying.

Parachoko:
Why are you not also showing us the Minimum Wage?

You should be fair by also putting the minimum wage alongside the price of fuel

And Nigeria didn't start in 1999.

Why are we not seeing how much it cost under Abdulsalam, Abacha, Shonekan, IBB, Buhari, Shagari, Obasanjo, Muritala etc

Can your minimum wage buy a bag of rice?

You cant compare this nonsense with when there is no subsidy. Rufai is just a struggler even in the oap he's doing on Arisetv, not an intelligent person.